Parker-Hannifin (NYSE:PH) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen has downgraded Parker-Hannifin's stock rating from "buy" to "hold."
• The stock currently has a consensus rating of "Moderate Buy" with a target price of $770.94.
• In recent insider trading, the COO sold 4,361 shares at approximately $732.66 each, representing a significant decrease in ownership.

Parker-Hannifin (NYSE:PH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday.

Several other brokerages also recently issued reports on PH. Mizuho set a $785.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 16th. Cowen reissued a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a research report on Tuesday, August 19th. Morgan Stanley raised their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Finally, KeyCorp raised their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $770.94.

Parker-Hannifin Trading Up 0.2%

NYSE PH opened at $758.63 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The firm's fifty day moving average price is $731.05 and its 200 day moving average price is $665.13. The company has a market capitalization of $96.94 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35. Parker-Hannifin has a 12 month low of $488.45 and a 12 month high of $773.30.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company's revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, sell-side analysts expect that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Insider Transactions at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares in the company, valued at $9,612,499.20. This trade represents a 24.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the completion of the sale, the executive vice president owned 13,878 shares of the company's stock, valued at $10,420,157.52. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is owned by company insiders.

Institutional Trading of Parker-Hannifin

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Preservation Advisors LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at about $27,000. Saudi Central Bank acquired a new position in Parker-Hannifin during the first quarter worth about $31,000. Interchange Capital Partners LLC acquired a new position in Parker-Hannifin during the second quarter worth about $31,000. Mpwm Advisory Solutions LLC acquired a new position in Parker-Hannifin during the fourth quarter worth about $32,000. Finally, Olde Wealth Management LLC acquired a new position in Parker-Hannifin during the first quarter worth about $35,000. Institutional investors and hedge funds own 82.44% of the company's stock.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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